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Five Year
Variable Mortgage Rate

Key Details

Rate Hold 130 Days (Aug 27)   
Payment $1866 (Customize)   
Prepayments 20% / 20%   

Mortgage Info

Rate Hold 130 Days (Aug 27)
Lump Prepayments 20%
Payment Increase 20%
Double-up Payments No
Permitted Loan-to-Value Up to 95%
Pre-approvals Yes
Provider Type Bank
Provinces Served National

More Details

Minimum Mortgage Inquire
Max Property Value Inquire
Open No
Max Amortization 25 Years
On Ratespy Since May 29, 2018

Rate History

Last Updated Jul 14, 2023
Previous Update Jul 13, 2023
Prior Rate 7.20%
Latest Rate Change -0.20%
Rate ID # 349

Payment Information

Mortgage Amount
Amortization (years)
Monthly Payments

All BMO Bank of Montreal mortgage rates

Rate History

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Provider Notes

Check this provider's website for complete details.

Rate Notes

This is the bank's official special offer rate. Lower discretionary rates may be available to well-qualified borrowers.

The 5-year variable special rate (closed) term is equal to our Prime Rate ? 0.20%. The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. The interest rate for a variable rate mortgage is calculated monthly, not in advance. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for renewals of existing BMO mortgages.

By clicking "Ask Question”, I give permission to RateSpy to transfer my information and contact details to third party brokers in order to complete the purchase of mortgage rates. RateSpy values your privacy. For details, see our privacy policy. Mortgage rates listed are subject to change at any time and apply to those with approved credit. Please contact the mortgage provider directly for more information.